12
For Sale

27 Duke Street, Brighton

1,887 Sq Ft
£1,425,000
  • Ref: 115489
  • Type: Investment
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Property Features

  • City Centre Freehold Building
  • Holiday Let Income
  • Commercial Shop Let

Property Summary

Freehold Mixed Use Investment
Price OIRO £1,425,000

Full Details

The building comprises a GF/ LGF commercial retail unit currently let at £27,000 per annum to jewellery shop Seol Gold. The upper parts are arranged as a Air BNB / Holiday let with stylish décor and large communal space, ideal for a group of friends/family to base themselves whilst in Brighton.

The property comprises of 7x Bedrooms, 5 of which have an en-suite shower room. There is also an additional shower room and 2 more WC's. This property can sleep up to 20 guests, has a smart TV and Wifi throughout.

The holiday let has already been booked for 36 x nights, with a projected net annual income of circa £90,000pa (which is based on only 50% occupancy rate) bringing the total expected minimum rental for the building up to £117,000pa with potential for further uplift on increased occupancy of the holiday let.

Location
The property is located on Duke Street, Brighton which is a very popular position in the City just off of West Street, nearby occupiers include Nandos, Whistles, & Hotel Chocolat. The building is a short distance from Churchill square shopping centre.

Viewings
To arrange a viewing please contact the vendors sole agents Newlands Property Tel: 01273-77977 or email richard@newlandsproperty.com

Terms
Offers are invited for the freehold interest at OIEO £1,425,000 a purchase at this level would represent at NIY of 7.74% based on the projected annual income.

Available Area

Name/FloorSq FtSq MAvailability
g Commercial Shop32730.38Available
1st Holiday Let Upper Parts1,560144.93Available
Total1,887175.31